
November 20, 2025
A white whale of an article surfaces after decades of fruitless searching...


Rumors of the existence of this paper by the late yachting historian and writer Llewellyn Howland III (1937-2019) have circulated for years. But though we scoured the archive and curatorial files high and low, never was a copy to be found in Bristol, and hope was nearly lost... until this year, when the attached scan mysteriously appeared in an anonymous manilla envelope on a research trip to remotest Maine. We can't reveal our sources, but are delighted to be able to share this fantastic piece of writing with you today in draft form after a decades-long hunt.
In all seriousness, Lewellyn Howland was an incredibly talented researcher and writer with a true historian's gift for synthesizing a very complex time in yachting history and the specific set of circumstances at HMCo. during this period into an eminently readable (and enjoyable) piece of writing. This essay was intended to be the first of two pieces chronicling the challenging decades of financial struggle and eventual decline at HMCo. that followed J.B.H.'s death in 1915. Part I covers the years between J.B.'s death and the postponement in 1914 of the America's Cup due to the outbreak of WWI, and its eventual conclusion in 1920, and the resulting financial and managerial aftermath for HMCo. leading up to the company's auction and eventual purchase by the Haffenreffer family in 1924. This is a period at HMCo. has not been widely covered in yachting histories but it is a fascinating and complex time shaped by war, a radically changing market and an economy headed for depression. We do not know if Part II was ever completed, but if anyone has a copy in their archive out there, please let us know...


